Just practicing charting and technical analysis

This is not financial advice.

I expect MO to Fibonacci retrace to the golden pocket area (.618 - .65) and bounce off where we had previous resistance (a weekly and monthly level of significance).

Placing buy laddered buy orders from 48.91 to 47.82 is my idea. There is a chance price dips below the .65 into the liquidation zones a bit below. Set your stop loss according to your own risk.

Take profit at significant levels of resistance/support on the way up.